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Wednesday, February 21, 2024
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Dow Falls Over 100 Points; US Wholesale Inventories Edge Higher

U.S. stocks traded lower midway through trading, with the Dow Jones falling around 100 points on Wednesday

The Dow traded down 0.33% to 34,038.81 while the NASDAQ fell 0.28% to 13,601.60. The S&P 500 also fell, dropping, 0.24% to 4,367.92.

Check This Out: Insiders Buying CareCloud And 3 Other Stocks Under $2

 

Leading and Lagging Sectors

 

Information technology shares rose by 0.3% on Wednesday.

In trading on Wednesday, utilities shares fell by 1.6%.

 

Top Headline

 

U.S. wholesale inventories rose by 0.2% month-over-month in September compared to a 0.1% decline in the prior month.

 

Equities Trading UP

 

ContextLogic Inc. (NASDAQ: WISH) shares shot up 23% to $5.17 following strong quarterly sales.

Shares of GAN Limited (NASDAQ: GAN) got a boost, shooting 84% to $1.6450 as the company agreed to be acquired by Sega Sammy Creation for $1.97 per share in cash.

The RealReal, Inc. (NASDAQ: REAL) shares were also up, gaining 30% to $2.10 following better-than-expected quarterly results.

 

Equities Trading DOWN

 

DURECT Corporation (NASDAQ: DRRX) shares dropped 77% to $0.60 after the company announced ...

Full story available on Benzinga.com


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